The Reserve Bank of India, RBI will release its first mid-quarterly review of the credit policy for current financial year tomorrow. The Central Bank has already expressed its concern over the inflation level. The RBI has hiked key policy rates nine times since March, 2010, and is likely to continue with its tight monetary policy stance to tame inflation, which is edging toward double digits. In its annual policy document for 2011-12 released last month, the RBI had said that inflation control would be its primary focus in the near future, even as it agreed that the high rate of price rise would impact the country's growth story. For the month ended May, inflation moved up to 9.06 per cent from 8.66 per cent in the previous month, mainly on account of a rise in the price of manufactured products.
News On AIR | June 15, 2011 5:51 PM
RBI to release first mid-quarterly review on Thursday